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SARAIVA S.A. LIVREIROS EDITORES
Publicly-Held Company
Corporate Taxpayer ID # (CNPJ): 60.500.139/0001-26
Commercial Register # (NIRC): 35300025300

NOTICE TO THE MARKET

Saraiva Extends its Debt Maturity Profile Through
R$235.0 million Loan Agreement

Saraiva S.A. Livreiros Editores (BM&FBovespa: SLED4), a leading Brazilian publishing company and one of the largest retailers of content focused on education and culture, hereby informs its shareholders and the market in general that it has secured a R$235.0 million loan with Banco Itaú, in accordance with the Law 4,131/62, for a three year term. Simultaneously, Saraiva entered into a swap agreement with identical conditions with regards to amount, term and rate, changing the exposure from foreign exchange variation plus interest to CDI - Interbank Deposit Certificate. The funds have already been made available to Saraiva and will result in improved management of the financial liabilities, aiming to extend the average duration of the Company’s debt.

São Paulo, January 23, 2015.

JORGE SARAIVA NETO
Chief Executive Officer and Director of Investor Relations

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